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$110,000

Beds
4
Baths
2.0
sq ft
1,587

6102 Otoole Ln, Mount Morris, MI 48458

6102 Otoole Ln

MtMorrisTownship_Genesee, MI 48458

    Cash flowing investment property for sale. 4 bed/ 2 bath tenant occupied house available in Mt. Morris, MI. Fully renovated in 2022 and rented out to a good long term tenant with guaranteed monthly income paying $1200 a month. Great opportunity for an ongoing income from a reliable renter in a solid built home.

    Details

    Property type

    Single Family Residence

    Est. home value

    $72,438

    Lot size

    7,405 sq ft

    Price per sq ft

    $70

    Year built

    1972

    Annual property taxes

    $858

    HOA

    No

    Price History

    01/31/2025
    Realcomp

    Realcomp #20240077502

    Listed
    $110,000
    +34.15%
    02/03/2023
    Realcomp

    Realcomp #20221066181

    Sold
    $82,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    Beecher

    Negotiation Insights

    Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

    Seller could get up to

    $22,698
    Asking price
    $110,000
    Closing costs (~8% of asking)
    -$8,800
    Est. remaining loan balance
    -$78,502
    Cash to seller
    $22,698

    This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

    Seller’s Loan History

    Lender

    Academy Mortgage Corp

    Loan start date

    February 2023

    Original loan amount

    $80,514

    Est. remaining balance

    $78,502

    Interest rate

    6.31%

    Loan type

    FHA, 30 year

    Seller

    Chiquita W Johnson

    Source: Public records data

    If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

    How insights can help you

    Interest rate

    If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

    Motivation

    If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

    Equity

    If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

    Interested in learning more?

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    Status: Active

    Tomo last checked: 03/31/2025 at 6:25 PM

    Listing updated: 03/25/2025 at 9:15 AM

    Listed by: Scott Sims, GSA Elite Realty Phone #: (586) 806-5848

    MLS: Realcomp #20240077502

    Realcomp logo

    Recently listed in MtMorrisTownship_Genesee